This is a group loan for the purpose of doing business to generate regular income that comes monthly, weekly or daily. The purpose
of this product is to serve low income earners who have very little or no
value collateral.

Main
features

Minimum
loan amount Tshs. 50,000/= to Tshs. 400,000/=

Maximum
loan amount of up to Tshs. 5,000,000

Collateral
is managed by the group

No
charged fee

Repayments
are done once every month

Interest
charged at competitive rate

Basic
Requirements

The
group should be 6 to 25 members or more

Must
know other members of the group very well

Must
come from the same area

Must
not involve family members in the group

Must
be a Tanzanian

2. CAPITAL
LOAN (JIENDELEZE LOAN)

This is a group loan for the purpose of serving clients whose income level is more than the "Business Loan" borrowers, but they still do not have good collateral for their
loans.

Main
Features

Minimum
loan amount Tshs. 500,000/= to Tshs. 700,000/=

Maximum
loan amount of up to Tshs. 5,000,000/=

No
charged fee

Repayments
are done monthly

Interest
charged at competitive rate

Basic
Requirements

The
group should be 3 to 5 members

Must
know other members of the group very well

Must
come from the same area

Must
not involve family members in the group

Must
be a Tanzanian

3. INDIVIDUAL
LOAN (KITITA LOAN)

This is an individual loan that is intended to finance borrowers who have
more established small or medium businesses. Potential borrowers can include those
who are from group products.

Main
Features

Minimum
loan amount Tshs. 1,000,000/= to Tshs. 2,000,000/=

Maximum
loan amount of up to Tshs. 10,000,000/=

No
charged fee

Repayments
are done after 6 months or 1 year

Interest
charged at competitive rate

Basic
Requirements

A
VFT mature client OR new client with a good character

Must
have an external guarantor

Must
have a verifiable business

Must
have an affidavit on the pledged collaterals

4.
AGRICULTURE LOAN (MKOMBOZI LOAN)

This is a group loan that is specifically designed for smallholder farmers.

VisionFund Tanzania uses the mobile
banking system known as ‘VFT Vap,” the fastest means for receiving and repaying your loan. This is a new technology that operates to provide financial
services at a lower cost. With VFT Vap, clients are able to receive loans, pay back loans and save through their registered mobile number.

Benefits
of VFT Vap

Client
is able to access his/her balance information with their mobile anywhere there
is a mobile signal

Clients
are able to take out loans, pay back loans and save without travelling to the VFT branch that might be far from their home

Reduces
security risks and time commitment

Increased
outreach to the rural population

TABLETS
SERVICES

VFT has also developed a tablet-based
solution that will make the internal processes, including the loan and savings account application processes, paperless. The system also GPS marks and
biometrically tags all clients and internal transactions to reduce opportunities
for fraud.